31 May 2011
1. Yes. ABC Pvt. Ltd. is the holding company of XYZ Co. Pvt. Ltd. Please refer to Section 4(1)(b)(ii) which specifies that a company becomes a holding company if it holds more than half in nominal value of its equity share capital of the other company.
2.Yes.
3. Section 212 is applicable wherein the holding company needs to attach specified documents of its subsidiary to its Balance Sheet. However as per the recent MCA circular, there is exemption of attaching subsidiary company details if the holding company presents in its annual report the consolidated financial statements of the holding company and all subsidiaries duly audited by its statutory auditors.
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